Canada vs Mexico: Tax Comparison
Compare income tax rates and take-home pay between Canada and Mexico
You'd keep $5,531 more in Mexico
Mexico
23.2% tax
Canada · Ontario
28.7% tax
$461/mo difference
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Side-by-side breakdown
Mexico
2026
23%
Income
Gross Salary$100,000
Personal deductions limit-$12,581
Mexican Social Security Institute (IMSS) employee contribution-$1,711
Taxable Income$85,708
Taxes & Contributions
1.92% bracket-$11
6.40% bracket-$286
10.88% bracket-$417
16.00% bracket-$231
17.92% bracket-$365
21.36% bracket-$2,687
23.52% bracket-$3,381
30.00% bracket-$10,726
32.00% bracket-$3,401
Mexican Social Security Institute (IMSS) employee contribution-$1,711
Total Taxes-$23,217
NET ANNUAL PAY$76,783
Per Month$6,399
Effective Rate23.2%
Canada · Ontario
2025
29%
Income
Gross Salary$100,000
Canadian Pension Plan (CPP) - Enhanced portion-$562
Taxable Income$99,438
Taxes & Contributions
Federal bracket 1-$6,001
Federal bracket 2-$8,484
Federal bracket 3-$4,332
Basic Personal Amount (BPA)+$245
CPP Base Contribution Credit+$67
Ontario bracket 1-$1,874
Ontario bracket 2-$3,396
Ontario bracket 3-$2,814
Ontario Basic Personal Amount+$245
Canadian Pension Plan (CPP) - Base portion-$1,645
Employment Insurance (EI)-$757
Total Taxes-$28,748
NET ANNUAL PAY$71,252
Per Month$5,938
Effective Rate28.7%
Tax rate by income level
Canada
Mexico
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